Everyone’s situation is unique and a refinance may be a good option for your client. However, some Cash Out Refinance or a HELOC (Home Equity Line of Credit) may both require your client to meet a certain credit score minimum and underwriting may find some discrepancies in your credit report. They may also require your client to provide proof of employment and income.
An appraisal may also be required to determine the value and equity in your clients property. These appraisal values vary greatly depending on the home’s current condition.